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RE: EOS.IO Could It be a Hoax Scam token?
I think non-transferable means you could not trade it around for other crypto 48 hours after the distribution period ends:
"At this time, Buyer will no longer be able to map a public key to Buyer’s account and Buyer will not be able to transfer EOS Tokens on the Ethereum blockchain."
Or I could be totally off here but not sure how else to interpret this.